South Korea's Tobacco Export to Russia Reaches Record High

Regulations by 2FIRSTS.ai

Aug.12.2024

South Korea's Tobacco Export to Russia Reaches Record High

South Korea's tobacco and cigarette exports to Russia reached a nearly seven-year high, hitting $4 million in June.

According to a report by Pravda on August 11th, South Korea's export of tobacco and cigarettes to Russia in June of this year reached the highest level in nearly seven years, totaling $4 million. This figure is 2.3 times higher than in May and also marks the highest record since July 2017.

In the first half of this year, South Korea's total tobacco exports to Russia increased by 20%, reaching $12.3 million. This is compared to the total export of $12.8 million for the entire year last year.

According to reports, Russia's June tobacco imports mainly consisted of tobacco raw materials worth $1.2 million. In addition, there were $1 million worth of e-cigarettes, $880,000 worth of cigars, and $908,000 worth of industrial tobacco and alternatives.

The largest tobacco producer in South Korea is KT&G company, which played a key role in the growth of exports.

References:

[1] Южная Корея нарастила экспорт табака в Россию в 2,3 раза за месяц

Also Read:

[1] KT&G Reports Strong Second Quarter Financial Performance in 2024

[2] KT&G and PMI Collaborate to Launch New HNB E-Cigarette in US

[3] Korean Health Survey Reveals Increase in Youth E-cigarette Use

[4] Rising Trend of Teenage E-cigarette Use in South Korea

#Traditional tobacco #Asia #Market #South Korea

We welcome news tips, article submissions, interview requests, or comments on this piece.

Please contact us at info@2firsts.com, or reach out to Alan Zhao, CEO of 2Firsts, on LinkedIn

Notice

1. This article is intended solely for professional research purposes related to industry, technology, and policy. Any references to brands or products are made purely for objective description and do not constitute any form of endorsement, recommendation, or promotion by 2Firsts.

2. The use of nicotine-containing products — including, but not limited to, cigarettes, e-cigarettes, nicotine pouchand heated tobacco products — carries significant health risks. Users are responsible for complying with all applicable laws and regulations in their respective jurisdictions.

3. This article is not intended to serve as the basis for any investment decisions or financial advice. 2Firsts assumes no direct or indirect liability for any inaccuracies or errors in the content.

4. Access to this article is strictly prohibited for individuals below the legal age in their jurisdiction.

Copyright

This article is either an original work created by 2Firsts or a reproduction from third-party sources with proper attribution. All copyrights and usage rights belong to 2Firsts or the original content provider. Unauthorized reproduction, distribution, or any other form of unauthorized use by any individual or organization is strictly prohibited. Violators will be held legally accountable.

For copyright-related inquiries, please contact: info@2firsts.com

AI Assistance Disclaimer

This article may have been enhanced using AI tools to improve translation and editorial efficiency. However, due to technical limitations, inaccuracies may occur. Readers are encouraged to refer to the cited sources for the most accurate information.

We welcome any corrections or feedback. Please contact us at: info@2firsts.com

Poland Plans Total Prohibition of Single-Use Vapes to Protect Youth

Poland’s Ministry of Health has proposed legislation to ban all disposable e-cigarettes — both with and without nicotine — under a new amendment to tobacco product laws. The government aims to protect youth from nicotine addiction while reducing public health and environmental harm. Medical professionals largely support the move but call for balanced harm-reduction strategies.

Nov.25 by 2FIRSTS.ai

Spain's Socialist Party proposes gradual decrease of nicotine pouch tax rate to 0.10 euros/gram by 2030

Spain’s Socialist Party (PSOE) has submitted a legal amendment to the Congress proposing a gradual reduction of the excise duty on nicotine pouches. The current rate of €0.10 per gram would be phased in progressively until 2030. The plan sets the rate at €0.02/g in 2026, rising by €0.02 annually until reaching €0.10/g in 2030. PSOE says this measure would mitigate price shocks and make the tax system more progressive.

Nov.04 by 2FIRSTS.ai

Mexican Congress Postpones Debate on Vape and E-Cigarette Ban

Mexico’s Chamber of Deputies has postponed the debate on a reform to the General Health Law that seeks to completely ban the sale and distribution of electronic cigarettes and vapes. Lawmaker Amancay González Franco (MC) criticized the draft for excluding tobacco heating devices, such as Philip Morris’s IQOS, arguing that these products are even more harmful according to the World Health Organization.

Dec.05 by 2FIRSTS.ai

Portugal to Tax Nicotine Pouches from 2026 at €0.065 per Gram

Portugal’s 2026 State Budget adds nicotine pouches to the IEC by inserting Article 104-D into the Excise Code’s tobacco chapter. A specific duty of €0.065/g applies from 2026, with rounding to whole grams. The Budget also defines pouches (natural nicotine, up to 12 mg, tobacco-free, oral mucosal absorption). Lusa projects €1.676B in tobacco excise for 2026; combined levies near €1.993B.